Cadjpy m5 will see how it goes
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NEW Candles Formation Trading -Petar Formation
- #443
- Aug 20, 2010 9:51am Aug 20, 2010 9:51am
- | Commercial User | Joined May 2009 | 5,751 Posts
Eurgbp, hope i wasnt to early on this one, sl tight as hell
New weeks new pips
Cheers
Petar
"Buy on fear, sell on greed !!!
- #445
- Aug 20, 2010 10:04am Aug 20, 2010 10:04am
- | Commercial User | Joined May 2009 | 5,751 Posts
nzd, buy position some days ago still open, was forced to turn trade in position trade in line with daily buy setup
now new position to try and make profit atleast to reduce risk exposure on the old buy position. will see
Cheers
Petar
"Buy on fear, sell on greed !!!
Pet you didnt close NZDUSD,that closed me at BE 2 days ago
Cheers
Petar
yes i know should have closed mine too but wasnot paying enough attention, so was forced to turn into long term trade, if i see breakeven now i will close that position, my SL on that is below support @0.6990 including spreads, turned out to be a poor entry maybe trend will be on my side
close my m5 cadjpy buy only 3pips profit
- #448
- Aug 20, 2010 12:22pm Aug 20, 2010 12:22pm
- | Commercial User | Joined May 2009 | 5,751 Posts
for now i would not look to long eurusd,maybe eurjpy if next week google or microsoft buy nokia and indexes rise so eurjpy should go up but in that scenario eurusd will dive much more
btw,nice formation Petar
p.m. me and we could drink few rounds when i get home from hollidy
OK 
"Buy on fear, sell on greed !!!
- #449
- Aug 20, 2010 12:41pm Aug 20, 2010 12:41pm
- | Commercial User | Joined May 2009 | 5,751 Posts
Hello guys,
This is for end of week >
Also one good setup for watch we will see next week how will open...
Enjoy over week and relax for next week >
Green pips
Petar
This is for end of week >
Also one good setup for watch we will see next week how will open...
Enjoy over week and relax for next week >
Green pips
Petar
"Buy on fear, sell on greed !!!
Hi Petar,
I want to thank you very much for sharing us your ''Petar Formation''!! I'm a new forex trader since june 15th and have not been able to find any good entry signal since then ! I think, I finally found something with High Probability trades with trends.
I have read all the thread and I'm really excited to try that ''strategy'' with help of trend and Sup. Res. Line.
Will continue to follow you !!
Thanks again Petar and also for Ducke and Dezil to make the code.
I want to thank you very much for sharing us your ''Petar Formation''!! I'm a new forex trader since june 15th and have not been able to find any good entry signal since then ! I think, I finally found something with High Probability trades with trends.
I have read all the thread and I'm really excited to try that ''strategy'' with help of trend and Sup. Res. Line.
Will continue to follow you !!
Thanks again Petar and also for Ducke and Dezil to make the code.
- #451
- Aug 20, 2010 11:48pm Aug 20, 2010 11:48pm
I cna explain best tehhique for Murey Math trading wich want to try...
Cheers
Petar
Yes. Pls. explain the application in brief. Hope I can incorporate it im my trading, too
Are the levels 1/8 through 8/8 automatic adjusted by itself everyday? from one tf to another tf? (I prefer Daily & H4)
p.s. English is not my main language. Hope you understand.
p.s. I noticed some candle formations in post 1 also appeared in Steve Nixon candlestick charting materials. Also candlestick formation web sites. If you are interested, I can send you the links (web sites). Pls. PM me.
FYI, I trade with PA and still consider myself a newbie.
Pls. continue posting.
Cheers
- #452
- Aug 21, 2010 4:03am Aug 21, 2010 4:03am
- | Commercial User | Joined May 2009 | 5,751 Posts
Hi Petar
Yes. Pls. explain the application in brief. Hope I can incorporate it im my trading, too
Are the levels 1/8 through 8/8 automatic adjusted by itself everyday? from one tf to another tf? (I prefer Daily & H4)
p.s. English is not my main language. Hope you understand.
p.s. I noticed some candle formations in post 1 also appeared in Steve Nixon candlestick charting materials. Also candlestick formation web sites. If you are interested, I can send you the links (web sites). Pls. PM me.
FYI, I trade with PA and still...
I will explain later its simple.I work strick just this formation with price action SUp-Res zone or fibs,also i trade just 1 or 2 setups every day and thats enough for me,rest of time i relax like fishing
Cheers
Petar
"Buy on fear, sell on greed !!!
- #453
- Aug 21, 2010 6:37am Aug 21, 2010 6:37am
Hello there and welcome to the thread
I will explain later its simple.I work strick just this formation with price action SUp-Res zone or fibs
also i trade just 1 or 2 setups every day and thats enough for me,rest of time i relax like fishing
Cheers
Petar
Cheers
- #454
- Aug 22, 2010 6:35am Aug 22, 2010 6:35am
- | Commercial User | Joined May 2009 | 5,751 Posts
Thanks. BTW illustration with charts will be helpful.
This one, yes, I must learn from you (hope you don't mind) so that I can soon join you to go for relax/fishing, serious man!
Cheers
Look if you want to trade this formation with Murrey Math you can trade with simple rules >
Buy just if you see formation on 0/8 or 1/8 Sell just if you see formation at 8/8 or 7/8.
We have simple rules >
For Buy >
TP for buy from 0/8 is 2/8 and if you buy from 1/8 TP is usually 4/8
For Sell >
If you sell from 8/8 TP is 6/8 , if you sell from 7/8 Tp is 4/8
Thats it,very simple rules ,you can watch all timeframes and if you see good setup you can try...Murrey math is updating indi and he automaticly calculate lines...
Post your charts and setups when if you begin this ....
CHeers
Petar
"Buy on fear, sell on greed !!!
- #455
- Aug 22, 2010 6:39am Aug 22, 2010 6:39am
- | Commercial User | Joined May 2009 | 5,751 Posts
This is some setups for buy >
We need formation on our triger lines and thats it...
My advice learn pure price action tradining with Sup-Res zones and work on that way,but you can try this with Muurey Math and if you like and if you have good results,that is also good...
Find your personality
Petar
We need formation on our triger lines and thats it...
My advice learn pure price action tradining with Sup-Res zones and work on that way,but you can try this with Muurey Math and if you like and if you have good results,that is also good...
Find your personality
Petar
"Buy on fear, sell on greed !!!
- #456
- Aug 22, 2010 7:19am Aug 22, 2010 7:19am
Thats it,very simple rules ,you can watch all timeframes and if you see good setup you can try...Murrey math is updating indi and he automaticly calculate lines...
Post your charts and setups when if you begin this ....
CHeers
Petar
I am kind of lost to find the MM indicator. Which post is there I can locate?
My advice learn pure price action tradining with Sup-Res zones and work on that way,but you can try this with Muurey Math and if you like and if you have good results,that is also good...
Find your personality
Petar
Thanks, pal.
p.s. One more thing, what are those red and blue dots for? Are those some kind of indicators?
Cheers
- #457
- Aug 22, 2010 8:36am Aug 22, 2010 8:36am
- | Commercial User | Joined May 2009 | 5,751 Posts
Hi Petar
I am kind of lost to find the MM indicator. Which post is there I can locate?
Yes, Petar, I am trying very hard to acquire the PA skills + SL & TL and hope soon I can draw up myself a trading method to suit my personality.
Thanks, pal.
p.s. One more thing, what are those red and blue dots for? Are those some kind of indicators?
Cheers
Here is Murrey math indi
Dodts are my formation.That is indicator wich draw my formation created by Dezil you can find on first page...
I wish you good pips and dont forget my advice >
Take 1,2 setups per day no more if you work for 15,20 pips if you work larger frame work with very small size like relaxing trading,i work like that...
Forex is fast market and very dangeorus that tells you to staying short and earn some pips 25,20,30 per day is very good sometimes -15,-20 but rembemer main thing is size.Other way is to work smaller size and to wait 2,3 days for 200,300 pips but same potencial profit in euros like 15,20 pips with larger size.
I can work 10 euros per pip and every day my goal is 20 pips for example.That is 200 euros also my SL is same as TP 20 if i loose i can try one more to back on zero if i win first setup i leave market and relaxing.If i loose both that is 40 and i wait next day for again 20.If you work strategy and you have more than 50 % good trades you will earn money,just discipline...
I can say for my history i have about 80 % good trades but as i said i practiced a lot and very hard work for that...
This formation can help you to take good setups and just be dicplined trader...
Petar
"Buy on fear, sell on greed !!!
This is some setups for buy >
We need formation on our triger lines and thats it...
My advice learn pure price action tradining with Sup-Res zones and work on that way,but you can try this with Muurey Math and if you like and if you have good results,that is also good...
Find your personality
Petar
hey Petar, did u catch any fish today, finished relaxing am just doing bits of research to see where to catch some fishes(pips, lol) this week, trust you are enjoying your weekend ..keep your post goiing, and once again thanking all contributors especially coders
- #459
- Aug 22, 2010 8:40am Aug 22, 2010 8:40am
- | Commercial User | Joined May 2009 | 5,751 Posts
hey Petar, did u catch any fish today, finished relaxing am just doing bits of research to see where to catch some fishes(pips, lol) this week, trust you are enjoying your weekend ..keep your post goiing, and once again thanking all contributors especially coders
I was on party yesterday with some nice girls , it was fantastic...
That is i told you guys,learn to trade with discipline take some pips leave market and enjoy in life...If you work all day and dont sleep enough,belive me that is very bad and money cant cover health...
Cheers
Petar
"Buy on fear, sell on greed !!!
Yea my friend,
I was on party yesterday with some nice girls , it was fantastic...
That is i told you guys,learn to trade with discipline take some pips leave market and enjoy in life...If you work all day and dont sleep enough,belive me that is very bad and money cant cover health...
Cheers
Petar